XJO - Bear Posts only (Factors which might cause the markets to fall), page-12016

ClarkKent takes on everyone - and triumphs - AGAIN!

The legendary ClarkKent does not do post to lightbuld ratios.
He does stockmarket.
Look at this my esteemed and inexperienced friends:




Corporate profits in the United States rose by 1.6% from the previous quarter to $2.367 trillion in the second quarter of 2023, surprising markets that expected a 5.9% decline, and rebounding from a 5.9% drop in the previous three-month period.

Forecast: -5%
Consensus: -5.9%
Previous: -5.9%
Actual: +1.6%

But old mate Clarky wasn't surprised my esteemed friends.
Because only 24 hours ago, the Clarkster spoke thus:


----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Post #: 69600882

The Verdict

In summary, these 1200 companies in aggregate

Beat QoQ, Q1-2023 earnings by +0.3%
Beat QoQ, Q1-2023 revenue by 2.5%





Clearly this reporting season was much better than expected, and consistent with other economic indicators suggesting that the US economy has been stronger than expected.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------